Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h —

Price spread now: Paradex against QFEX+0.002%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	742.28	0.0003	pay 0.0000% / 1h	7m 51s	$2.2M	$14.3M	10x
Short	Paradex META-USD-PERP	742.30	0.0052	get 0.0052% / 8h	1h 07m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee ParadexbpOrdersPrice spread, now +0.002%Rate

Funding earned: $10.18
Price spread: +0.002% → 0.000%: $0.24
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.57
Costs to cover: 0.140%
Break-even: 9.5 days

Slippage unknown: QFEX: live order book, 11 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 11 min ago	1.69 bp	6.7 bp −$7	7.2 bp −$72	19.3 bp −$1,927	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	742.37	+0.012%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0054%	1h	741.92	−0.048%	$392K	$328K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.86	−0.056%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.28	0.000%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.26	−0.003%	$27.2M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.19	−0.012%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.55	+0.036%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.82	−0.062%	$350K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.32	+0.005%	$5.8M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	742.23	−0.007%	$2.1M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.26	−0.002%	$12K	$499K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.19	−0.012%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.30	+0.003%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.40	+0.016%	$2.0M	$7K	10x	as long as short
QFEX META-USDlong	+0.0003%	1h	742.28	long leg	$2.2M	$14.3M	10x
Lighter RH META	+0.0032%	1h	742.55	+0.036%	$760K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0040%	1h	742.29	+0.001%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.03	−0.034%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.47	+0.026%	—	$9K	25x	as long as short
Deribit META_USDC-PERPETUAL	+0.0047%	1h	742.10	−0.024%	$30K	$256K	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.43	+0.020%	$178K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.38	+0.013%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.35	+0.009%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.89	−0.053%	$723K	$4.2M	10x	as long as short
Paradex META-USD-PERPshort	+0.0052%	8h	742.30	+0.002%	—	—	5x
Aftermath Perps METAUSD	+0.0058%	1h	742.71	+0.058%	$51K	$68K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	742.12	−0.022%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.81	−0.063%	$291K	$791K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.11	−0.023%	$1.6M	$368K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.41	−0.117%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.40	+0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.25	−0.004%	$267	—	10x	as long as short
Lighter META	+0.0112%	1h	742.55	+0.036%	$864K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0136%	1h	742.40	+0.016%	$67.4M	$122.0M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.81	−0.063%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0539%	4h	742.29	+0.001%	$62K	$330K	10x	as long as short